![]() ![]() But we’re firmly past the mid-point of 2023, and I think it is fair to say that something feels different about corporate climate action. Our recommendations can be boiled down to two core principles: absolute emissions need to fall right away, and businesses, financial institutions, cities and regions need to use their significant influence outside of direct emissions to enable a just and sustainable pathway to achieve nearly zero emissions in just a few decades. Nor can they be seen to have a credible commitment if they pack carbon offsets into their near-term emissions calculations. Its a challenging dual task, but what in the world of climate action isn’t double-sided in this way?.Ĭompanies cannot claim, for instance, to be aligned with net zero while being a driving force for long-lived new fossil fuel infrastructure.ĮU to push for fossil fuel phaseout ‘well ahead of 2050’ at Cop28 The goal was to fix what was broken while energising what works. The Hleg ‘standard’ seized on existing progress while also addressing the areas that badly need cleaning up. Late last year, the UN-convened High Level Expert Group (Hleg) I was a member of released a significant set of recommendations designed to seize on the growing momentum of net zero commitments.Īt COP27 in Sharm El Sheikh, Egypt, we proposed a clear set of principles for delivering on net zero pledges.
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